Karachi: Ansari Sugar Mills Limited has announced that its 36th Annual General Meeting (AGM) will be held on January 28, 2026, at Barzaan Lawn, Navy Welfare Centre, Fleet Club, Lucky Star Saddar Karachi, Sindh. The meeting will also be accessible through video conferencing, allowing broader participation from shareholders.
In a notice dated January 8, 2026, the company detailed the agenda for the upcoming AGM, which includes confirming the minutes of the last meeting held on May 16, 2025. Shareholders will also receive, consider, and adopt the audited financial statements for the fiscal year ending September 30, 2025, along with the directors' and auditors' reports.
Additional business on the agenda includes authorizing the company to sell molasses to Pak Ethanol (Pvt) Limited at a mutually agreed price. The company has invited any other business to be discussed with the chair's permission. Share transfer books will be closed from January 21 to January 28, 2026, and transfers received by January 20 will be eligible for meeting attendance and voting.
The meeting will also address participation procedures, noting that members can appoint proxies to represent them, provided proxy forms are submitted 48 hours before the meeting. CDC account holders are reminded to bring identification for verification purposes.
The company emphasizes the importance of providing mandatory information, such as CNIC, email, and IBAN, as per the Companies Act, 2017. This information is crucial for maintaining up-to-date records and facilitating communication.
A financial overview reveals a challenging year for Ansari Sugar Mills Limited. The company reported a loss before taxation and levies amounting to PKR 545.36 million, a moderate move improvement from the previous year's loss of PKR 929.17 million. After taxation, the company's loss increased to PKR 1.44 billion from PKR 858.96 million in the prior year. According to information available from the Pakistan Stock Exchange (PSX), the company's financial results reflect the ongoing pressures within the sugar sector.
Despite these challenges, the company achieved a gross profit of PKR 281.36 million, up from PKR 213.24 million the previous year. This increase in gross profit results from improved operational efficiencies, even though the overall sugar production in Sindh declined by nearly 20% during the 2024/25 crushing season.
The company's board of directors remains optimistic about restructuring existing financial obligations to strengthen liquidity. The board has also recommended reappointing Rao & Company Chartered Accountants as auditors for the 2025-26 financial year.
The company's commitment to supporting local farmers continues, with substantial loans and advances provided for necessary agricultural inputs.
As the AGM approaches, Ansari Sugar Mills Limited's management aims to address shareholder concerns, ensure operational continuity, and explore cost optimization strategies to enhance long-term sustainability.